Spring Grove, Lake County, Illinois Property Taxes

Name: Property Tax Bills Across Spring Grove, Lake County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Spring Grove, IL effective property tax rate: 2.59%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Spring Grove, IL home value: $160,986
Median annual Spring Grove, IL tax bill: $3,893, $1,493 higher than the national median property tax bill of $2,400.

How are property taxes in Lake County calculated?

Property taxes in Spring Grove, IL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Spring Grove’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Spring Grove, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Spring Grove, Lake County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.59%

Estimate Property Tax Bill

$4,170

$3,869

Ownwell’s Spring Grove Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Spring Grove with just two data points. By entering your property's estimated assessed value, our calculator applies Spring Grove’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lake County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Spring Grove, Lake County, Illinois

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is due to each county estimating its required budget to provide essential services and dividing that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Though votes and laws play a role in setting these rates and budgets, this is the core of the annual process. In Spring Grove, located in Lake County, Illinois, the effective property tax rate is notably higher than the national median of 1.02%. This reflects the state's higher-than-average property tax rates, which are among the highest in the nation. Property owners in Spring Grove face an effective tax rate of 2.59%, significantly impacting annual property tax bills compared to the national median bill of $2,400. This underscores the importance of understanding local property tax assessments and seeking possible appeals or exemptions to manage these costs effectively.

Property Tax Rates Across Spring Grove, Lake County, Illinois

Source: Ownwell

1.94%

2.99%

4.03%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Spring Grove Tax Rate

2.59%

Median Effective Lake County Tax Rate

2.94%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Spring Grove, Lake County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60081	2.03%	2.36%	2.59%	2.76%	2.76%

Source: Ownwell

Property Tax Assessment Values Across Spring Grove, Lake County, Illinois

When examining property taxes in Spring Grove, IL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Lake County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Lake County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Spring Grove. For example, the median home price in Spring Grove is $160,986, with tax bills ranging significantly across the county. Zip code 60081 has the highest median home price at $160,986.

Property Tax Assessment Values Across Spring Grove, Lake County, Illinois

Source: Ownwell

$107,374

$523,101

$938,827

Median Spring Grove Market Value

$160,986

Median Lake County Market Value

$260,862

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Spring Grove, Lake County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60081	$54,739	$107,414	$160,986	$218,064	$295,736

Source: Ownwell

Property Tax Bills Across Spring Grove, Lake County, Illinois

In Spring Grove, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Spring Grove face a median property tax bill of $3,893, which is above the national median of $2,400. Factors such as the local government's budget needs and the value of comparable properties in the area can influence the tax rate. With tax bills ranging from $2,399 at the 25th percentile to $7,768 at the 90th percentile, homeowners can experience significant variations in their tax obligations. Ownwell assists homeowners by identifying potential savings through appealing their property's assessed value and ensuring they receive all applicable exemptions. By leveraging expert knowledge and data-driven insights, Ownwell helps homeowners potentially lower their tax bills, providing relief in a region where property taxes can be a substantial financial burden.

Property Tax Bills Across Spring Grove, Lake County, Illinois

Source: Ownwell

$3,893

$12,727

$21,560

Median Spring Grove Tax Bill

$3,893

Median Lake County Tax Bill

$7,861

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Spring Grove, Lake County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60081	$1,067	$2,399	$3,893	$5,503	$7,768

Source: Ownwell